Background

LinkedIn is an illustrious website that helps professionals connect with one another. It is also a portal for people to display their skills as well as the path that their career has taken through the years. It contains a variety of information ranging from education, knowledge to checkpoints in their career.

Employers also use this platform for recruiting professionals. So it is a useful tool which is slowly becoming a necessity for people entering into the corporate world. Navigation and understanding crucial skills for their profession of choice and the location they would flourish goes a long way in crafting a successful career.

Approach of Project

The report will be charting the trends in LinkedIn across all fields. It will be delving into the kind of skills that are gaining or losing popularity across different verticals as well as what the top few must have skills are for all working professionals.

The other useful component for young professionals is what the migration trends are with respect to their skills and which place would give them space to learn and display their potential.

The final aspect but supremely important one is whether the global employment trends are conducive to their growth. Only upon knowing this aspect is it possible for them to decide whether migration is a good option or upskilling is necessary.

Information on Data

The World Bank Group - Linkedin Digital Data for Development attempts to harness LinkedIn data covering more than 100 countries. For the purpose of this report the following datasets will be accessed:

• Excel: Industry Skills Needs
• Excel: Talent Migration

Group info

Team of Thrones

Members:

• Ambalika Gupta
• Smriti Vinayak Bhat
• Yin Shan Ho

.

Trend of skill categories across the different verticals by year

Trend in change of useful skills across occupations

Analysis

• Soft skills are the one set of skills that people have increasingly found need for across all the verticals.
• Business skills are finding less and less takers by the year.
• Specialized industry skills seem to have seen volatility as they were in decline up until 2017-2018 but with the arrival of 2019 they saw a significant boost in demand.
• Disruptive technological skills do not seem to have caught on yet except for the Information and Communication segment.
• Mining and Quarrying have seen no disruptive tech skills growth whatsoever.
• Despite fintech sweeping across the world, among the people employed in the field of financial and insurance activities little to no technical skills seem to be visible.

• The skill that is the most in demand across all years is Digital Literacy.
• Business Management, Leadership and Teamwork are also right behind. Business Management however has been in decline since 2017 while Teamwork has taken the forefront.
• Business Skills - 5, Soft Skills - 4, Specialized Industry Skills - 2, Tech Skills - 3 are the split across the type of skills. Business skills and Soft skills still dominate.
• Specialized Industry skills figure in this list too. These are Research and Foreign Languages. In an increasingly interconnected world, it is quite evident why Foreign Languages make this list. Research also forms the corner stone of innovation and is an important skill to possess. Apart from this, Social media is also a technological main stay which figures prominently. This is yet another proof of the influence of technology on skills needed.

Industry migration trend from the year 2015-2019

Skill Gain across verticals from the year 2015-2019

Skill Loss across verticals from the year 2015-2019

Top 10 countries with Highest Number of Immigrants

Top 5 Employment Growth (Countries)

Highest Migration Rate

Analysis

• Top 3 out 10 countries with the highest number of net migrant arrivals are from the European region and this can be correlated to the high employment growth rate of Luxembourg, Cyprus and Georgia.
• Top countries with people migrating from, in search of jobs belong to Sub-Saharan African continent.
• Industries like Finance - Venture Capital and Private Equity and Tech Industry - Computer and Network Security, Information Services, Internet have flourished consistently over the years with highest number of arrivals from other industries. E-Learning and Outsourcing/Offshoring is an upcoming industry with increasing arrivals.
• In Business Skill category, Debt Collection skill has seen maximum skill gain, whereas Investor Relations, Tax Accounting and Partner Development has seen maximum skill loss
• In Disruptive Tech Skill category, Fintech sector has seen maximum skill gain, whereas Aerospace Engineering and Material Science has seen maximum skill loss
• In Soft Skill category, Persuasion skills has seen maximum skill gain with Communication showing a continuous downward trend
• Specialised Industry category shows an upward trend in skills related to sciences
• Tech Skills category shows a consistent upward trend for Data-Driven Analytics whereas Computer Graphics and Social Media show downward trend

Global trend of employment growth rate

Trend of employment growth rate in different industries

Analysis

• Global decrease in the growth rate of employment

• Most of the income groups have increasing trend of employment rate except from high income group

• Rapid development in Information and communication Section

• Decreasing trend observed in Mining and Quarrying sections in High and Upper Middle Income group

Top 5 Employment Growth (Countries)

Analysis

• Higher employment growth rate in European and Central Asian Countries

• Most of them have rich mineral/oil resources

Top 5 Employment Growth (Industries)

Top 5 Employment Recession (Industries)

Analysis

Rapid Development in:

1. Infrastructure

2. Information Technology

3. Equity Management

4. Environment Protection

Rapid Recession in:

1. Traditional Media

2. Traditional Communication